Considering the problem description given below, answer the multiple choice questions that follow.

T$.$ Bone Puckett, a corporate raider, has acquired a textile company and is contemplating the future of one of its major plants, located in South Carolina. Three alternative decisions are being considered:

expand the plant and produce lightweight, durable materials for possible sales to the military, a market with little foreign competition;

maintain the status quo at the plant, continuing production of textile goods that are subject to heavy foreign competition; or

sell the plant now. If one of the first two alternatives is chosen, the plant will still be sold at the end of a year.

The amount of profit that could be earned by selling the plant in a year depends on foreign market conditions bill in Congress. The following payoff table describes this decision situation:

$\backslash$table$[[$Decision$,\backslash$table$[[$Good Foreign Competitive$],[$Conditions$]],\backslash$table$[[$Poor Foreign Competitive$],[$Conditions$]]],[$Expand$,$$$800,000,$$$500,000$